J. J. Keller & Associates, Inc. 401(k) Review & Grade
J. J. Keller & Associates, Inc. Employees' 401k Savings and Retirement Plan
Neenah, WIManufacturing1,859 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,830Employer $ per active participant
$6,713Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$173.2MNet plan assets, end of year
$77,046Average balance per account
Score breakdown
- Employer generosity19.3 / 5039th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 64th |
| Employee saving | 71th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $23,121 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- J. J. Keller & Associates put in about $1,830 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,401,538 |
| Participant (employee) contributions | $12,478,643 |
| Other contributions (incl. rollovers in) | $671,264 |
| Administrative expenses paid from the plan | $240,968 |
| Investment advisory & management fees | $49,102 |
| Benefits paid out | $17,013,268 |
| Net assets, start / end of year | $155.2M / $173.2M |
| Active participants, start / end of year | 1,878 / 1,840 |
| Participants with account balances | 2,248 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $191,866 reported compensation |
| Alpha Investment Consulting Group | $49,102 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715092211NAL0003002992001, received 2025-07-15, EIN 39-0957377, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.